Use this tool to see how much net income a company would need to bring in to meet your price target. This is a great way to test how realistic a price target is. The method behind this valuation tactic is explained in this post.
Instructions
- Enter your target price for any stock
- Go to the OTC Markets website to get the number of outstanding shares. (Under the “Company Profile” tab. Make sure it is up to date)
- Go to Yahoo Finance to get the industry average P/E
